Headquartered in Leeds, the NHB is a new government public finance institution with the authority to accelerate delivery of new homes and communities.

The NHB will deploy up to £16bn of debt, equity and guarantees, while working with mayors through Homes England’s new regional model.

Announced in June 2025, the NHB is aiming to unlock the delivery of over 500,000 homes as well as £53bn of private investment over the next decade.

The partnership with Aviva specifically will aim to build up to 3,300 sustainable homes for rents in underinvested areas of cities, including an initial 300 in Liverpool and Manchester.

“Launching England’s first ever NHB underpins a new way of doing things as we accelerate housebuilding at scale and tackle the housing crisis head on,” said housing secretary Steve Reed.

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“Now open for business, the Bank will rake in billions of pounds of essential private investment to get spades in the ground for half a million new homes.”

The NHB is supported by Homes England’s new Investment Prospectus, a single, authoritative statement of how it invests to deliver homes and regeneration.

The Investment Prospectus brings together for the first time Homes England’s full range of capital products, land, powers and technical expertise in one public document —  with the aim of making it easier for local leaders and partner organisations to understand the role the agency and the NHB can play.

“The Investment Prospectus is explicit about the challenges facing the housing system, including affordability, viability, stalled land, constrained finance and delivery risk,” said Amy Rees, CEO at Homes England.

“Homes England and the NHB will step in where those market failures exist and help unlock delivery at pace.

“Our message to partners and investors is a simple one: please get in touch and talk to us.”